Great News!-Questions
This is certainly great news that we have FINALLY inked a deal, which provides a much needed cash infusion into QMC's coffers. While I am elated about the news, I had a few points that I wanted to clarify, that perhaps some of you can help answer.
1. What is the difference between AMTRONICS & AMTRONICS CC
It's my understanding that Andrew Robinson, is the CEO of AMTRONICS.
2. AMTRONICS India- Dr. George Anthony Balchin
Is AMTRONICS India another entity or is it related to AMTRONICS or AMTRONICS CC? I am confused.
Dr. George Anthonu Balchin, this is the first time I've heard of his name. Has worked with QMC in the past?
3. $1 million of an upfront licensing fee payment is being given to QMC, right NOT to AMTRONICS, AMTRONICS India, AMTRONICS CC? What does CC stand for?
4. If I remember correctly there are certainly milestone payments that will be given to QMC, are these quarterly payments with certain deadlines? Can someone pull up the contract & post for our reference a synopsis.
5. It is important to note that AMTRONICS is different than QMC Asia. QMC Asia deals with GTG. I believe that is still alive, even thought we haven't heard anything about it. If I remember GTG is supposed to buy QMC stock when it is at 12 cents a share, is that correct? If so, this will certainly aid in driving volume.
6. To my knowledge Freshfield (FF) is dead. They never followed through with their $1 million investment.
LEGAL ISSUES:
1. Texas Case got dismissed with prejudice. Florida case got dismissed for lack of Jurisdiction. We have a show down in Kansas, which is supposed to be heard in April 2019. Has an exact court date been assigned? This will really establish if the predatory lenders (L2 Capital & SBI Investments) can obtain additional shares for the alleged breach of contract.
2. Lawsuit against the company's former legal counsel for $100 Million K&L Gates. Has a court date been assigned for that? Is the case going to be trialed in Texas?
3. Are there any other lawsuits outstanding? To my knowledge L2/SBI & K&L Gates. I am really concerned about the Kansas Case. What is your opinion about QMC's prospects of winning the Kansas Case? If QMC does win, do you think Steve will counter sue for legal costs & punitive damages?
TECHNOLOGY CONFERENCES:
1. Consumer Electronics Show (CES) generally happens in January in Las Vegas or California. However, it is my understanding that the company generally attends CES Asia, as QMC's client's would attend CES Asia than CES U.S.A.
Thank you for everyone's contribution to this board. I enjoy reading the posts; it allows everyone to stay informed & be on the same page.
